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Orogen trumpets latest gold find

By Robert Tyerman | Monday 8 September 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


An ebullient-sounding Ed Slowey, Chief Executive Officer of unloved AIM company Orogen Gold (ORE), says he will be bombarding investors in the coming weeks with further drilling results from the Mutsk project in southern Armenia, after announcing intercepts of up to 60 metres with 1.21 grams of gold per tonne of ore, including 20 metres with 3.11 grams a tonne. Orogen obtained these results, hailed by Slowey as ‘very significant’,  by step-out drilling at Mutsk, which is 30 km away from the Amulsar gold project, where Toronto-listed Lydian International claims a four million-oz. gold deposit with one gram a tonne, of which 2.3 million oz. with 0.75 grams a tonne ‘proven and probable’.


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